A Remarkable Recovery for the La Mesa San Diego CA Housing Market For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. … Continued
Thinking of Selling Your House in La Mesa San Diego CA? Now May be the Right Time. Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the … Continued
Does Your Home Have What La Mesa Home Buyers Are Looking For? There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com: “Sellers continue … Continued
Mortgage Rates Hit Record Lows for Three Consecutive Weeks. . Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does … Continued
What Are Experts Saying about Home Prices? Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, … Continued
Taking Advantage of Homebuying Affordability in Today’s Market. . . Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow … Continued
Did you ever wonder how much the Housing Market really affects the overall economy? Here’s July Market Update, 2020. Here’s the deal, nationwide each time someone decides to purchase a home, there is on average of over eighty-eight thousand dollars ($88,000) of economic growth spurring from homes selling into the cities and towns where the … Continued
Is the Health Crisis Driving Buyers Out of Urban Areas? The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban … Continued
A Historic Rebound for the Housing Market. . Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales … Continued
Add Value To Your Home With These 9 DIY Improvements Whether you’re prepping your house to go on the market or looking for ways to maximize its long-term appreciation, these nine home improvement projects are great ways to add function, beauty, and real value to your home. The best part is, once you’ve secured … Continued
